Issues for Potential Commercial Tenants


Areas which often cause Tenants concern and which can be clarified during negotiation and then in the lease are:

Repairs – What is the Tenant responsible for repairing and to what standard? The ‘usual’ repairing obligation is often more onerous than one might think.

Break – Can the Tenant or the Landlord end the lease early? How much notice has to be given and are there any conditions attached?

Renewal – Will there be any statutory or contractual renewal rights for the Tenant when the lease ends?

Disposal – What are the restrictions on assigning or selling a Lease?

Guarantors/Rent Deposits – Does the Landlord require the Tenant to provide a guarantor or deposit to secure its obligations under the lease?

Statutory Requirements – Are all statutory requirements complied with? Who is responsible for costs if they are not?

Planning – Does the property have the correct planning use for the Tenant’s business?

If you are thinking of becoming a Commercial Tenant or you are already aTenant who wants to sell or assign please do contact us.

 

Key Contacts


Sonyia Woolnough

Partner

Head of Commercial

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Alaina Owen

Associate Solicitor

Commercial Property

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Coronavirus (COVID-19)

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Currently as of December 2021

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